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Construction Adhesives Market Trends

Report ID: GMI6246
Published Date: Jul 2023
Report Format: PDF

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Construction Adhesives Market Trends

The growing focus on sustainability and environmental-friendly practices in the construction industry is increasing the demand for construction adhesives that are low in Volatile Organic Compounds (VOCs), free from hazardous chemicals, and have a marginal environmental impact. Manufacturers are creating eco-friendly adhesives that adhere to strict environmental standards and certifications. The market is witnessing a increasing trend toward the use of hybrid adhesives that combine adhesive technologies such as the bonding properties of structural adhesives with the flexibility of sealants. Hybrid adhesives are versatile, making them ideal for a wide range of construction applications. Multi-purpose adhesives are also becoming common owing to their convenience, efficiency, and the ability to bond with different substrates such as metal, wood, plastics, and concrete. Thus, the growing application scope of construction adhesives is expected to accelerate market growth in the future.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size foe construction adhesives was worth USD 11.78 billion in 2023 and is projected to reach USD 17.65 billion by 2032 owing to the rising number of infrastructure projects worldwide.

Construction adhesives industry from the polyurethane adhesives product segment generated USD 5.1 billion in 2022 and is expected to witness high demand through 2032 owing to increasing application in construction projects that need high bond strength.

U.S. market for construction adhesives amassed USD 2.5 billion in 2022 and is set to grow at a notable CAGR from 2023 – 2032 driven by the ongoing residential construction including single-family homes, multi-unit housing, and apartment complexes across the region.

Henkel AG & Co. KGaA, 3M Company, H.B. Fuller Company, Sika AG, Bostik (Arkema Group), Dow Chemical Company, Huntsman Corporation, Mapei Corporation, BASF SE, and Franklin International are the top companies engaged in the construction adhesives business.